Northcape Capital Pty Ltd reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 4.3% during the second quarter, Holdings Channel reports. The fund owned 5,710 shares of the business services provider’s stock after selling 257 shares during the period. S&P Global accounts for approximately 0.2% of Northcape Capital Pty Ltd’s portfolio, making the stock its 11th largest position. Northcape Capital Pty Ltd’s holdings in S&P Global were worth $834,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its position in S&P Global by 1,866.9% in the first quarter. BlackRock Inc. now owns 15,452,706 shares of the business services provider’s stock valued at $2,020,285,000 after buying an additional 14,667,076 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in S&P Global during the first quarter valued at approximately $170,025,000. Swedbank purchased a new position in S&P Global during the first quarter valued at approximately $101,025,000. Vanguard Group Inc. increased its position in S&P Global by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,395,347 shares of the business services provider’s stock valued at $2,535,747,000 after buying an additional 740,631 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in S&P Global during the first quarter valued at approximately $87,138,000. 85.62% of the stock is currently owned by institutional investors.

Shares of S&P Global Inc. (SPGI) opened at 151.03 on Monday. S&P Global Inc. has a 12 month low of $107.21 and a 12 month high of $158.35. The company’s 50-day moving average price is $149.31 and its 200-day moving average price is $135.87. The firm has a market cap of $38.81 billion, a P/E ratio of 17.60 and a beta of 1.52.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.15. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the business earned $1.44 EPS. S&P Global’s revenue was up 1.8% compared to the same quarter last year. On average, analysts predict that S&P Global Inc. will post $6.34 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 28th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.64 dividend on an annualized basis and a yield of 1.09%. S&P Global’s dividend payout ratio is 19.16%.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.dailypolitical.com/2017/08/07/northcape-capital-pty-ltd-decreases-position-in-sp-global-inc-nysespgi.html.

Several equities analysts have recently commented on SPGI shares. Raymond James Financial, Inc. raised S&P Global from a “market perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Monday, April 17th. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Tuesday, April 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $153.00 target price (up previously from $139.00) on shares of S&P Global in a research report on Wednesday, April 26th. Barclays PLC upped their target price on S&P Global from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, June 28th. Finally, Argus reaffirmed a “buy” rating and issued a $158.00 target price (up previously from $150.00) on shares of S&P Global in a research report on Monday, May 29th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $153.82.

In other S&P Global news, Director Marco Alvera acquired 400 shares of S&P Global stock in a transaction that occurred on Tuesday, May 30th. The stock was acquired at an average cost of $140.09 per share, for a total transaction of $56,036.00. Following the purchase, the director now owns 400 shares of the company’s stock, valued at $56,036. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.

S&P Global Company Profile

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI).

Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

Receive News & Ratings for S&P Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.